Page 35 - Identity Protection PIN (IP PIN)
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- Consider adjusting your withholding if
you owed taxes or received a large refund
when you filed. Changing your
withholding can help you avoid a tax bill
or let you keep more money each payday.
Credit amounts may change each year, so
visit IRS.gov and use the Interactive Tax
Assistant to identify whether you qualify
for any tax credits that may call for a
withholding adjustment. Life changes ?
getting married or divorced, welcoming a
child, or taking on a second job - may also
mean changing withholding.
- Use the Tax Withholding Estimator to help
you determine the right amount of tax to
have withheld from your paycheck. This
tool on IRS.gov will help determine if you
need to adjust your withholding and
submit a new Form W-4 to your employer.
Make sure - Consider estimated tax payments. If you
you've wit hheld receive a substantial amount of non-wage
income like self-employment income,
enough t ax
investment income, taxable Social
Security benefits and in some instances,
pension and annuity income you should
make quarterly estimated tax payments.
For estimated tax purposes, the year is
divided into four payment periods, with
the last payment due in mid-January.
- Log in to your online accountto make a
payment online or go to
IRS.gov/payments.